2017-2018 Starting Fund Balance $3,314,062* · 2019. 8. 29. · 2017-2018 Starting Fund Balance $3,314,062* 2017-2018 Revenues: $14,526,701 2017-2018 Expenditures: $14,225,126 Excess

2017-2018 Starting Fund Balance $3,314,062*

2017-2018 Revenues: $14,526,701

2017-2018 Expenditures: $14,225,126

Excess of Revenues over Expenditures $ 301,575

6-30-18 Ending Fund Balance Before Transfer $3,615,637

Less transfer to Capital Reserve Account (500,000)

June 30, 2018 Fund Balance $3,115,637*

*$725,000 of fund balance is committed for future PSERS costs

2018-2019 Starting Fund Balance $3,115,637*

2018-2019 Anticipated Actual Revenues: $15,008,173

2018-2019 Anticipated Actual Expenditures: $14,267,831

Anticipated Excess of Revenues over Expenditures: $ 740,342

June 30, 2019 Anticipated Ending Fund

Balance $3,855,979*

*$725,000 of fund balance is committed for future PSERS costs*

2019-2020 BUDGET

SALARY CATEGORIES - $6,202,275 (40.80% of total budget)

Teacher salaries (including retirement bonus payments) Payment of unused sick leave days and/or vacation days Teacher lateral movement across the salary schedule Homebound Instruction Remediation/Academic Support Instruction Secretary salaries Custodial salaries Administrator salaries Administrative Assistants salaries Aide wages Substitutes (teachers, aides, custodians, and secretaries) Census enumerators Tax collector wages Health insurance opt-out payments

SALARY CATEGORIES - $6,202,275 (40.80% of total budget)

Athletic event ticket takers/game workers/officialsSecurity personnel for athletics and other eventsSupplemental Contracts:

Coaches salariesBand staffStudent Council AdvisorsMusicalTatlerYearbookAfter school bus duty monitorsBefore school bus duty monitorsLunch duty monitorsDetention monitorCamp Hebron advisorsMentor teachersCurriculum planners

OBJECT 2018-2019Budget

2019-2020Budget

Budget to Budget $ Difference

Budget to Budget %

Difference

100 -Salaries and Wages

$6,180,135 $6,202,275 $22,140 .36%

Employee and position attrition during the 2018-2019 school year, including attrition of an instructional position after the budget was approved, employee retirements at the end of the current school year, and attrition of a support staff position provide savings in the 2019-2020 budget. Three new special education aide positions are included in this category for 2019-2020.

BENEFIT CATEGORIES - $4,467,941 (29.39% of total budget)

Health Insurance

Dental Insurance

Life Insurance

Vision Insurance

Social Security

Retirement

Tuition Reimbursement

Unemployment Compensation

Workers Compensation

Object 2018-2019 Budget

2019-2020 Budget

Budget to Budget $

Difference

Budget to Budget % Difference

200 -Employee Benefits

$4,621,507 $4,467,941 ($153,566) (3.32%)

In addition to employee attrition, health insurance premiums exceeded claims paid and resulted in a 8.4% reduction in health insurance premiums for 2019-2020.

PURCHASED TECHNICAL SERVICES CATEGORIES - $1,018,315 (6.70% of total budget)

CAIU – Special Education Services and Placements

CAIU – CAOLA Courses and CAOLA Advisor Services

Speech Assessment Services, English Language Learners

Special Education Job Coach

Half-Time Social Worker, Psychological Services, Occupational Therapy Services

Contracted Medical & Dental Services

Tax Collection Services

Feasibility Study, Legal Services, Audit Services, Appraisal Services

Earned Income Tax Collection Fees, Real Estate Transfer Tax Collection Fees

Delinquent Real Estate Tax Collection Fees

Software Services – Power School / Payroll / Accounting / COBRA Administration Service

Internet Services / Wireless Maintenance Services / Network Engineering Services

CAIU – Managed Network Services, CAIU – Email Archiver, CAIU Document Imaging Services

District Website

District Contribution to Camp Hebron Program

Drill Writer for Field Show

Athletic Trainer, Game Officials

Drug Testing

Policy Updates


2019-2020 Budget

Budget to Budget $

Difference

Budget toBudget %

Difference

300 -Purchased Technical Services

$915,920 $1,018,315 $102,395 11.18%

This category includes $50,000 to contract with a half-time social worker for student services in 2019-2020 along with additional hours for the contracted speech therapist. Also included is an increase in CAOLA costs due to on-line Career Pathways Options, an increase in English Language Learners services provided by the CAIU, and $15,000 in costs for the feasibility study over and above the amount to be paid by the Department of Education.

PURCHASED PROPERTY SERVICES CATEGORIES - $340,800 (2.24% of total budget)

Utilities – Water / Sewer

Maintenance and Repair Services provided by C. M. Eichenlaub, J. C.

Ehrlich, Cummins, Peifer, Tomlinson, Waste Management, McClure, U.S.

Water (formerly Waterchem), Automated Logic, Penn Elevator,

Mountainside Heating

Instrument repairs / Audiometer repairs

Copy machine leases

Microscope repairs

Musical Instrument repairs

Computer repairs

Shop equipment repairs

Disposal of waste chemicals

Truck / mowers / tractors maintenance and repairs

Object 2018-2019Budget

2019-2020 Budget

Budget to Budget $

Difference

Budget to Budget % Difference

400 -Purchased Property Services

$316,390 $340,800 $24,410 7.72%

2019-2020 includes $20,000 to refinish the Johnson Gymnasium floor.

OTHER PURCHASED SERVICES CATEGORIES - $1,709,000 (11.24% of total budget)

Student Transportation - regular, vo-tech, special needs, Upper Dauphin agriculture class, Halifax consortium class, New Story, Vista School, Susquenita, CAIU placements, Yellow Breeches, Northern Dauphin Christian School, Amish, best interest determination (foster), band, athletics, chorus, emotional support/life skills field trips, job coaching,

Property/Liability Insurance, Steam Boiler Errors and Omissions Insurance Bonding Insurance Student Athletic Insurance Communications – School Messenger, Verizon, Frontier, WAN (wide area network) Advertising, Printing, Postage Tuition to other Educational Agencies – Halifax, New Story, Vista School, Susquenita,

Upper Dauphin Tuition to Cyber/Charter Schools Tuition to HACC and Dauphin County Technical School Alternative Education Placements Private Residential Rehabilitative Institutions Incarcerated Youths Hospital Education Programs Pennsylvania Psychiatric Institute Mileage Reimbursement


2019-2020 Budget

Budget to Budget $

Difference

Budget to Budget %

Difference

500 –Other Purchased Services

$1,520,155 $1,709,000 $188,845 12.42%

This category includes an increase in tuition and enrollment to Cyber/Charter Schools, increase in tuition and enrollment at Dauphin County Technical School and other outside placements, and an increase in Student Transportation Services.

SUPPLIES CATEGORIES - $456,354 (3.00% of total budget)

Books, software, site licenses, consumable supplies and materials for regular instruction, life skills, speech, emotional support, academic support, guidance, library, technology, curriculum, athletics, and building

Costs for start-up of Bio-Tech Course (to be paid with Title IV funds) Replacement of microphones due to frequency change Bid Items – Art, General, Custodial, Wood Shop, Xerographic Paper Maintenance Supplies Study Island, On-Line Digital Resource (CAIU) – Discovery Education I Ready (reading diagnostic tool) AIMSWEB (special education placement testing) DIBELS Next (K – 3 reading assessment tool) Coal / Electric Office Supplies Board Minute Books, Agenda Manager Shipping/Handling Fees


2019-2020Budget

Budget to Budget $

Difference

Budget to Budget %Difference

600 -Supplies

$452,998 $456,354 $3,356 .74%

Includes $11,405 for start-up for Bio-Tech Course (to be paid with Title IV funds), and $10,000 for the replacement of wireless microphones due to frequency changes and restrictions of use by the Federal Communications Commission. In addition, a $20,000 line item for Safety and Security supplies and materials is included (specific items to be determined based on the outcome of the Risk and Vulnerability Assessment completed by the Pennsylvania State Police during the Spring of 2019).

EQUIPMENT CATEGORIES - $192,500 (1.27% of total budget)

Computers (budgeted per Technology Plan)

Drafting CAD Computers

Telephone System Replacement (5th of 5 years)

Maintenance Equipment Replacement as needed

Building Equipment Replacement as needed


2019-2020 Budget

Budget to Budget $

Difference


700 –Equipment/SiteImprovement

$158,500 $192,500 $34,000 21.45%

2019-2020 includes $35,000 for computers to run CAD in the drafting lab.

CATEGORIES - $326,010 (2.14% of total budget)

Instructional Dues/Fees Professional/District Membership Dues Student Activity Dues/Fees Direct Deposit Fees Refund of Prior Year Receipts Loan/Bond Interest Budgetary Reserve


2019-2020 Budget

Budget to Budget $

Difference


800 –Dues, Fees, Interest & Budgetary Reserve

$335,250 $326,010 ($9,240) (2.76%)

Final BB&T loan payment on the house and church properties was made July, 2018. Interest on Bond payment decreasing. Budgeted amount includes $70,000 for Budgetary Reserve (the same amount as in past years).

Debt Service (building project) $490,000


2019-2020 Budget

Budget to Budget $

Difference


900 –Loan/BondPayment

$498,140 $490,000 ($8,140) (1.63%)

Final BB&T loan payment on the house and church properties was made July, 2018. Principal on Bond payment increasing by $10,000.

ObjectCode

Definition 2018-2019Budget

2018-2019 Projected

Actual

Difference

100 Salaries $ 6,180,135 $5,990,865 (189,270)

200 Benefits $ 4,621,507 $4,329,445 (292,062)

300 Purchased Services-Technical

$ 915,920 $ 858,431 ( 57,489)

400 Purchased Services –Property

$ 316,390 $ 283,223 ( 33,167)

500 Other Purchased Services $ 1,520,155 $1,497,950 ( 22,205)

600 Supplies/Books/Software/Fuel

$ 452,998 $ 424,202 ( 28,796)

700 Equipment/Property $ 158,500 $ 124,245 ( 34,255)

800 Dues/Fees/Interest/Budgetary Reserve

$ 335,250 $ 261,330 ( 73,920)

900 Loan/Bond Principal Payments

$ 498,140 $ 498,140 -0-

TOTAL $14,998,995 $14,267,831 ($731,164)

ObjectCode

Definition 2019-2020 Budget

% of Total Budget

100 Salaries $ 6,202,275 40.80%

200 Benefits $ 4,467,941 29.39%

300 Purchased Services-Technical $1,018,315 6.70%

400 Purchased Services – Property $ 340,800 2.24%

500 Other Purchased Services $ 1,709,000 11.24%

600 Supplies/Books/Software/Fuel $ 456,354 3.00%

700 Equipment/Property $ 192,500 1.27%


$ 326,010 2.14%

900 Loan/Bond Principal Payments $ 490,000 3.22%

TOTAL $15,203,195 100%

ObjectCode


2019-2020 Budget

Difference %

100 Salaries 6,180,135 6,202,275 22,140 .36%

200 Benefits 4,621,507 4,467,941 (153,566) (3.32%)

300 Purchased Services-Technical

915,920 1,018,315 102,395 11.18%

400 Purchased Services –Property

316,390 340,800 24,410 7.72%

500 Other Purchased Services

1,520,155 1,709,000 188,845 12.42%

600 Supplies/Books/Software/Fuel

452,998 456,354 3,356 .74%

700 Equipment/Property 158,500 192,500 34,000 21.45%


335,250 326,010 (9,240) (2.76%)

900 Loan/Bond Principal Payments

498,140 490,000 (8,140) (1.63%)

TOTAL $14,998,995 $15,203,195 $204,200 1.36%

2019-2020 BUDGET

INSTRUCTIONAL PROGRAMS - $9,513,277 (62.57% of total budget)

Regular Instruction Federally Funded Regular Programs (Title I, Title II, Title VI) Life Skills Support Speech and Language Support Emotional Support Academic Support Gifted Support Early Intervention Support Vocational Education Homebound Instruction Alternative Education Programs Adjudicated/Court Placed Programs Driver Education Higher Education (HACC)

Function 2018-2019Budget

2019-2020 Budget

Budget to Budget $

Difference


1000 $9,419,611 $9,513,277 $93,666 .99%

SUPPORT SERVICES CATEGORIES- $4,508,043 (29.65% of total budget)

Guidance Services Psychological Services Student Accounting Services (PIMS) School Library Services Instruction and Curriculum Development Services Board Services Tax Assessment and Collection Services Legal and Accounting Services Office of the Superintendent Services Office of the Principal Services Support Services – School Nurse, Occupational Therapist, Dental Services Business Office Support Services Technology Services Operation and Maintenance of Plant Services Student Transportation Services

Function 2018-2019 Budget

2019-2020 Budget

Budget to Budget $

Difference


2000 $4,403,523 $4,508,043 $104,520 2.37%

NON INSTRUCTIONAL CATEGORIES - $339,855 (2.24% of total budget)

Student Activities

Athletics


2019-2020Budget

Budget to Budget $

Difference


3000 $334,861 $339,855 $4,994 1.49%

FACILITIES IMPROVEMENT/REPAIRS - $50,500 (.33% of total budget)

Miscellaneous Facility Repairs as needed

Telephone System Replacement (5th of 5 years)


2019-2020 Budget

Budget to Budget $

Difference


4000 $30,500 $50,500 $20,000 65.57%

OTHER EXPENDITURES - $791,520 (5.21% of total budget)

Interest

Loan / Bond Payments

Refund of Prior Year Receipts

Budgetary Reserve


2019-2020Budget

Budget to Budget $

Difference


5000 $810,500 $791,520 ($18,980) (2.34%)

Function Code


2018-2019 Projected

Actual

Difference

1000 Instruction $9,419,611 $8,921,213 ($498,398)

2000 Support Services $4,403,523 $4,268,767 ($134,756)

3000 Non-Instructional Services

$ 334,861 $ 319,366 ($ 15,495)

4000 Facilities Acquisition/Improvements

$ 30,500 $ 20,400 ($10,100)

5000 Other Expenditures and Financing Uses

$ 810,500 $ 738,085 ($ 72,415)

TOTAL $14,998,995 $14,267,831 ($731,164)

Function Code


% of Total Budget

1000 Instruction $9,513,277 62.57%

2000 Support Services $4,508,043 29.65%


$ 339,855 2.24%


$ 50,500 .33%


$ 791,520 5.21%

TOTAL $15,203,195 100%

Function Code


2019-2020 Budget

Difference %

1000 Instruction $9,419,611 $9,513,277 $ 93,666 .99%

2000 Support Services $4,403,523 $4,508,043 $104,520 2.37%


$ 334,861 $ 339,855 $ 4,994 1.49%


$ 30,500 $ 50,500 $ 20,000 65.57%


$ 810,500 $ 791,520 ($ 18,980) (2.34%)

TOTAL $14,998,995 $15,203,195 $204,200 1.36%

2019-2020 BUDGET

6000 - LOCAL RECEIPTS

2018-2019 Budget

2018-2019Projected Actual

Budget to Projected $ Difference

10.6111 Current Real Estate Tax 5,117,582 5,211,670 94,088

10.6112 Interim Real Estate Tax 8,500 12,160 3,660

10.6113 Public Utility Realty Tax 6,500 6,933 433

10.6114 Payment in Lieu of Taxes 315 20,312 19,997

10.6120 Per Capita Section 679 18,500 17,000 (1,500)

10.6141 Act 511 Per Capita 18,500 17,000 (1,500)

10.6151 Earned Income Tax 650,000 675,000 25,000

10.6152 Occupation Tax 540,000 520,000 (20,000)

10.6153 Real Estate Transfer Tax 65,000 70,000 5,000

10.6411 Delinquent Real Estate Tax 320,000 300,000 (20,000)

10.6420 Del Per Capita/Occup Tax 170,000 170,000 0

10.6510 Interest on Investments 55,000 97,000 42,000

10.6700 Revenues - District Activities 53,000 42,240 (10,760)

10.6910 Rentals 900 700 (200)

10.6940 Tuition 100,000 100,000 0

10.6991 Misc (refund of prior yr exp) 250,000 700,000 450,000

TOTAL LOCAL RECEIPTS 7,373,797 7,960,015 586,218

LOCAL RECEIPTS

6000 - LOCAL RECEIPTS

2018-2019 Budget

2019-2020Budget

Budget to Budget $

Difference

10.6111 Current Real Estate Tax 5,117,582 5,214,138 96,556

10.6112 Interim Real Estate Tax 8,500 8,500 0

10.6113 Public Utility Realty Tax 6,500 6,900 400

10.6114 Payment in Lieu of Taxes 315 315 0

10.6120 Per Capita Section 679 18,500 18,500 0

10.6141 Act 511 Per Capita 18,500 18,500 0

10.6151 Earned Income Tax 650,000 675,000 25,000

10.6152 Occupation Tax 540,000 540,000 0

10.6153 Real Estate Transfer Tax 65,000 65,000 0

10.6411 Delinquent Real Estate Tax 320,000 320,000 0

10.6420 Del Per Capita/Occup Tax 170,000 170,000 0

10.6510 Interest on Investments 55,000 90,000 35,000

10.6700 Revenues - District Activities 53,000 53,000 0

10.6910 Rentals 900 900 0

10.6940 Tuition 100,000 100,000 0

10.6991 Misc (refund of prior yr exp) 250,000 250,000 0

TOTAL LOCAL RECEIPTS 7,373,797 7,530,753 156,956

Total Taxable Assessed Value increased $2,200,000 from 2018-2019 to current.

LOCAL RECEIPTS

TAXABLE ASSESSED VALUE AS OF March 19, 2019 : $278,681,300 Adjusted Index – 3.1% or .6451 mills

Millage Rate (% Increase)

$ Generated at 100% Collection Rate

$ Generated at 93% Collection Rate

Additional Revenue Generated at 93%

Collection Rate over Current Millage Rate

20.8109 (Current) 5,799,609 5,393,636

20.9149 (.5%) 5,828,591 5,420,590 26,954

21.0190 (1%) 5,857,602 5,447,570 53,934

21.1230 (1.5%) 5,886,585 5,474,524 80,888

21.2271 (2%) 5,915,595 5,501,504 107,868

21.3311 (2.5%) 5,944,578 5,528,458 134,822

21.4560 (3.1%) 5,979,385 5,560,828 167,192

Millage Rate RE Tax based on$85,000 Assessment

Difference over Current Millage

Rate

RE Tax based on$100,000 Assessment

Difference over Current Millage Rate

20.8109 (current) $1,768.93 $2,081.09

20.9149 (+ .5%) $1,777.77 $8.84 $2,091.49 $10.40

21.0190 (+ 1%) $1,786.62 $17.69 $2,101.90 $20.81

21.1230 (+ 1.5%) $1,795.46 $26.53 $2,112.30 $31.21

21.2271 (+2%) $1,804.30 $35.37 $2,122.71 $41.62

21.3311 (+2.5%) $1,813.14 $44.21 $2,133.11 $52.02

21.4560 (+3.1%) $1,823.25 $54.32 $2,145.60 $64.51

SCHOOL DISTRICT 2018-2019 MillageRates

Central Dauphin 16.5672

Lower Dauphin 18.4200

Derry Township 18.5363

Susquehanna Township 18.5977

Upper Dauphin 18.8775

Millersburg Area 20.8109

Middletown Area 22.1500

Halifax 22.4870

Steelton-Highspire 27.4770

Harrisburg 28.8008

Year Taxable Assessed Value Certification

Change in Value

November 2007 266,500,500

November 2008 270,622,200 4,121,700

November 2009 271,183,300 561,100

November 2010 272,511,500 1,328,200

November 2011 274,199,600 1,688,100

November 2012 273,124,000 (1,075,600)

November 2013 271,605,400 (1,518,600)

November 2014 272,223,700 618,300

November 2015 273,841,200 1,617,500

November 2016 274,284,100 442,900

November 2017 275,999,900 1,715,800

November 2018 277,434,900 1,435,000

2015-2016 25.84%

2016-2017 30.03%

2017-2018 32.57%

2018-2019 33.43%

2019-2020 34.29%

2020-2021 (Projected) 34.77%

2021-2022 (Projected) 35.19%

2022-2023 (Projected) 35.84%

7000 - STATE RECEIPTS

2018-2019

Budget

2018-2019 Projected

Actual


10.7110 Basic Instructional Subsidy 4,031,495 4,036,234 4,739

10.7271 Special Education 575,310 568,720 (6,590)

10.7310 Transportation 165,000 169,720 4,720

10.7320 Bond Payment Reimbursement 191,584 191,584 0

10.7330 Medical/Dental Services 16,600 16,610 10

10.7340 State Property Tax Reduction 251,049 251,049 0

10.7500 Safety & Security Grant 0 25,000 25,000

10.7501 Ready to Learn Block Grant 127,733 127,733 0

10.7810 Social Security 245,000 245,000 0

10.7820 Retirement 980,000 1,050,000 70,000

TOTAL STATE RECEIPTS 6,583,771 6,681,650 97,879

Market Value/Personal Income Aid Ratio increased from .4016 to .6024 in 2018-2019. The previous year aid ratio experienced a decrease due to a temporary increase in personal income in the District. 2018-2019 Retirement budget number was based on calculation using previous year’s aid ratio information.

7000 - STATE RECEIPTS

2018-2019 Budget

2019-2020 Budget


10.7110 Basic Instructional Subsidy 4,031,495 4,089,682 58,187

10.7271 Special Education 575,310 575,310 0

10.7310 Transportation 165,000 165,000 0

10.7320 Bond Payment Reimbursement 191,584 191,663 79

10.7330 Medical/Dental Services 16,600 16,600 0

10.7340 State Property Tax Reduction 251,049 251,002 (47)

10.7500 Safety & Security Grant 0 0 0

10.7501 Ready to Learn Block Grant 127,733 127,733 0

10.7810 Social Security 245,000 255,000 10,000

10.7820 Retirement 980,000 1,075,000 95,000

TOTAL STATE RECEIPTS 6,583,771 6,746,990 163,219

2019-2020 budget includes the basic instructional subsidy amount provided by PDE to the District as a preliminary figure. 2018-2019 Retirement budget number was based on calculation using previous year’s aid ratio information.

School District

Market Value Aid Ratio

Personal Income Aid Ratio

MV/PI Aid Ratio

Central Dauphin 0.3959 0.4685 0.4249

Derry Township 0.2389 0.2745 0.2531

Halifax 0.6003 0.5949 0.5980

Harrisburg 0.7256 0.7859 0.7496

Lower Dauphin 0.4467 0.4517 0.4486

Middletown 0.4962 0.5997 0.5375

Millersburg 0.6147 0.5841 0.6024

Steelton-Highspire 0.8365 0.8123 0.8268

Susquehanna Township 0.3073 0.4389 0.3598

Upper Dauphin 0.6125 0.6435 0.6249

The market value/personal income aid ratio represents the relative wealth of a district, in relation to the state average. The market value aid ratio is used in the calculations to determine pupil transportation subsidy and bond payment reimbursements. The market value personal income aid ratio is used in all state subsidy calculations (social security, retirement, basic instructional subsidy, etc.) It is also used in the calculation of the Act 1 adjusted index for each school district.

Year

Market Value Aid Ratio

Personal Income Aid Ratio

MV/PI Aid Ratio

2018-2019 0.6147 0.5841 0.6024

2017-2018 0.6027 0.1000 0.4016

2016-2017 0.6004 0.5482 0.5794

2015-2016 0.5926 0.5572 0.5783

2014-2015 0.5938 .05635 0.5816

2013-2014 0.6052 0.5707 0.5913

2012-2013 0.6023 0.5499 0.5812

2011-2012 0.6017 0.5426 0.5780

The personal income used to calculate the 2017-2018 aid ratio temporarily increased and more than doubled from 2016-2017 ($145,435,263 to $320,975,861). Personal income decreased to $142,584,005 in the 2018-2019 aid ratio calculation.

8000 – FEDERAL RECEIPTS

2018-2019 Budget

2018-2019 Projected

Actual


10.8512.000.520.00 IDEA 154,275 154,275 0

10.8514.000.411.00 Title I 169,718 168,413 (1,305)

10.8515.000.421.00 Title II 32,158 30,553 (1,605)

10.8810 Medical ACCESS 0 0 0

10.8517 Title IV 10,000 12,267 2,267

10.8820 Medical Assistance 0 1,000 1,000

TOTAL FEDERAL RECEIPTS 366,151 366,508 357

8000 – FEDERAL RECEIPTS

2018-2019 Budget

2019-2020 Budget


10.8512.000.520.00 IDEA 154,275 154,275 0

10.8514.000.411.00 Title I 169,718 168,413 (1,305)

10.8515.000.421.00 Title II 32,158 30,553 (1,605)

10.8810 Medical ACCESS 0 0 0

10.8517 Title IV 10,000 12,267 2,267

10.8820 Medical Assistance 0 1,000 1,000

TOTAL FEDERAL RECEIPTS 366,151 366,508 357

Revenue Source 2018-2019 Budget

2018-2019 Projected

Actual

Difference

Local $7,373,797 $7,960,015 $586,218

State $6,583,771 $6,681,650 $ 97,879

Federal $ 366,151 $ 366,508 $ 357

TOTAL $14,323,719 $15,008,173 $684,454

Revenue Source 2018-2019 Budget

2019-2020 Budget

Difference

Local $7,373,797 $7,530,753 $156,956

State $6,583,771 $6,746,990 $163,219

Federal $ 366,151 $ 366,508 $ 357

TOTAL $14,323,719 $14,644,251 $320,532

2019-2020 Starting Fund Balance (Projected)$3,855,979*

2019-2020 Preliminary Budgeted Revenues: $14,644,2512019-2020 Preliminary Budgeted Expenditures:

$15,203,195

(Deficiency) of Revenuesover Expenditures ($558,944)

2019-2020 Ending Fund Balance (Projected) $3,297,035*

*$725,000 of fund balance is committed for future PSERS costs

April 17, 2019 – Budget and Finance Committee Meeting

May 8, 2019 – Board Study Session to review 2019-2020 Proposed Final Budget

May 15, 2019 – May Board Meeting (rescheduled fromMay 20, 2019) – Proposed Budget Approval

May 28, June 3, June 10, 2019 – Advertise Tax Notice in Upper Dauphin Sentinel

May 28, June 3, June 10, 2019 – Advertise Proposed Budget and make available for public inspection; also post on District website

June 17, 2019 – June Board Meeting - Final Budget Approval

Documents

2017-2018 Starting Fund Balance $3,314,062* · 2019. 8. 29. · 2017-2018 Starting Fund Balance $3,314,062* 2017-2018 Revenues: $14,526,701 2017-2018 Expenditures: $14,225,126 Excess